Sm Chpt3 Report g5 Vinaacecook

8/10/2019 Sm Chpt3 Report g5 Vinaacecook

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Chapter 3: CREATING A GOOD STRATEGY

GROUP 5:THITHANH PHNG TNTUYN1

You know your market, are sure of your objectives, and understand your options. What you

need now is to evaluatethose options and create a vision, a plan to achieve it, and a clear understanding of how to

make that plan work.

You need to consider many factors when drafting your strategy. Your responsibilities to your

stakeholders, to your stated ethical principles and mission, and to society in general are

important, but are ultimately subservient to return on investment (or the effective use of

resources for non-profit organizations). So what does a good strategy look like?

Firstly, defining the ingredients. In our company, competitors are Viet Hung food, ASIA

food, Cause they have good strategy so they more succeed than us.. Secondly, putting it

in writing. When planning your strategy, it can be useful to write your ideas down. The

discipline of producing a written, well-reasoned document helps to focus your mind on the

questions you need to address

and produces a record against which you can check your progress.

Now, many managers develop a sixth sense for the market, and make strategic decisions

based largely on instinct. However, even after you have worked in a particular industry for

many years, you should always evaluate any decisions you make with a degree of objectivity.

This is valuate your options. To doing this, we must develop alternatives. When you create or

review your strategy, it is likely that you will have many preconceptions about where the

business should go, and it is all too easy to believe that your first solution is the right one.

Example, Ace Cook have many kind of product to serve any people. If market structure

changing, we will chose and develop suitable product. Beside that, to evaluate our options,we must use consistent criteria, assess suitable, assess acceptable, assess feasible and score

the options. Ace Cook always read the future. We think that this is one of step to develop a

company. Specially, this strategy is simple, just work out what the world will be like in five

years and organize your resources and competencies to achieve a match.


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However, this raises the vital questionhow do you know what the world will look like in

five years? No one can see what is to come, but there are techniques that will help youvisualize and plan for the future.

Next, we will comment about involving stakeholders. It include analyzing impacts and

balancing interests. Why we do it? You can view in our company. We have many

stakeholders, each of them have mission and ability. So they will be balance interests.

We have a link strategy to structure is having developed your options, it is important to

consider how your organization would implement a selected strategy. Part of addressing this

is deciding whether the organization is structured in the right way tosupport the new strategy,

or whether, despite all good intentions, the old organizational structure will lead to its failure.

About Analyzing your structure strategy is clearly more important than struture, because by

implementing a new strategy your team or organization can create the future. Our company

making change decisions need to be approved at each level, making decision-making slow.

This makes it difficult for the organization to respond to market changes, and so adopt a

market-based view of strategy. For example, our company have a lot of dealers all over the

world, they will connect to support eachother.

We have knew time is a critical factor in making strategic decisions. The key is to always

reman flexible although strategy is about the future, time to act may be now. And we are

getting the timing right strategic change might mean making a large investment, relocating a

business, merging with a competitor, taking on new staff or engaging with new markets. We

are reacting to events without the benefit of time, your options for change are likely to be

limited. We will be ready to change to avoid being pushed into a cornner with limited optionsalways be alert to your changing environment to give yourself plenty of time to make

changes. Our entterprises are keeping alert even if your strategy does not include seeking

first-mover advantage, you must never be the last to realize that the world has changed while

you have stood still. We have thought about acting or not acting have detected signs that you

need to change, make sure that there is a strong case for doing so before you launch into

changing your strategy. For example, to rise the company more and more developed, we


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must find and keep the chance to change. To get rid of the bad staff, study to have a good

brand, model and homethings like that.About working with others, you may sometimes find that, after extensive analysis and

planning, the best strategic option open to you is one that you are unable to implement alone,

because you lack specific resources or competencies. We will talk about exploring

partnership, there are many types of relationship that you can establish with another

organization, distinguished broadly by the degree of closeness. Working with other is the

ability to effective interact, cooperate.

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